Answer and Explanation:
The preparation of the income statement is presented below:
Revenue $26,300
Expenses:
Depreciation expense $985
Fuel expense $3,438
Maintenance and repairs expense $1,675
Other expense(income) net $5,319
Provision for Income taxes $857
Purchased Transportation $1,281
Rentals and Landing fees $1,862
Salaries and Employee benefits $9,387
Net income $1,496
Answer: $1000
Explanation:
Hi, the gross margin is equal to the sales revenues minus the cost of the goods sold.
Revenues: inventory sold for $3000
Cost: $2000 Purchase of inventory
So, in this case we have to subtract $2000 (cost) to $3000 (revenue)
Mathematically speaking:
$3000- $2000 = $1000
Feel free to ask for more if needed or if you did not understand something.
Answer:
The amount of money we will have after the investment will be $ 4,800.
Explanation:
Simple interest is the system of calculation in which the interests generated by a capital are not capitalized, that is, when the interests are withdrawn separately and they do not accumulate in the capital that produced them. In other words, in the simple interest calculation the interest is not productive and it must always resort to the initial capital contributed.
Therefore, if the initial capital is $ 3,000 and the interest rate is 6% with a duration of 10 years, we must calculate this percentage and multiply it by 10 to obtain the sum of money that we will have at the end of the investment:
3,000 x 6/100 = 180
180 x 10 = 1,800
3,000 + 1,800 = 4,800
As we can see, the amount of money we will have after the investment will be $ 4,800.